Insurance Refunds. Any health insurance refunds shall first be used to reduce the cost of future health insurance premiums. If, for any reason, the district receives a cash refund for group health insurance, the amount of refund shall be distributed to the participating employees (including employees not subject to this agreement) and the Board in proportion to the contribution of each. Any payroll deduction or salary reduction amount shall be considered employee contribution. Any amount paid according to the "Employer Paid Fringe Benefit" section of this Agreement shall be Board contribution. The employees entitled to a distribution shall be those employees participating in the district plan in the year the refund is actually received by the district.
Insurance Refunds. When refunds are made by the insurance carrier on the group hospitalization insurance policy, such refunds shall be returned on a pro rata basis to teachers participating in the plan.
Insurance Refunds. In the event of any refunds by insurance companies of premiums paid by a teacher on a teacher related policy, such refund shall either be paid to the teacher who paid the premiums on a pro-rata basis or be applied to adjusted future premium payments on such insurance plan.
Insurance Refunds. All rights under insurance policies, including rights to any cancellation value on the Closing Date or such earlier date;
Insurance Refunds. Insurance refunds or credits of any kind whatsoever, for insurance of any kind sold by Broker in conjunction with a Loan shall be the sole responsibility of the Broker in the event of prepayment of such Loan, cancellation of insurance or any other event requiring refunding or crediting of unearned insurance premiums. In the event Angel Oak is required to pay or credit Applicant in connection with the cancellation of such insurance, Broker shall pay to Angel Oak, from the Broker's own funds, any required insurance premium rebate resulting from the prepayment, cancellation, refinancing or other termination of any Loan. Upon such payment, Angel Oak shall assign in writing any rights it had to require that the insurer reimburse user for any rebate made to Applicant.
Insurance Refunds. Buyer or Company shall pay over or cause any of their respective Subsidiaries to pay over to CEX any refunds of premiums, rebates or other amounts, including recoveries, with respect to Casualty Insurance policies identified on Schedule 3.1 received by Buyer, Company or any of their respective Subsidiaries after the Settlement Closing Date promptly upon receipt of such amounts.
Insurance Refunds. Sellers shall be entitled to any refund of premiums paid by the Company to its insurer prior to Closing and which are received by the Company post-Closing, except to the extent such refund was reflected, accrued or reserved for or otherwise taken into account, in the Final Closing Statement. Buyer shall cause the Company, on behalf of Buyer, to pay to Sellers’ Representative in trust for Sellers any such refunds received by the Company post-Closing within ten (10) days after such refund is received.
